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18 of 211 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 24.01% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.01 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Infosys, which commands a weight of 5.21% in Back to Index and 7.13% in UTI Nifty500 Shariah Index Fund. Holding both schemes increases your concentration in Infosys rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in UTI |
|---|---|---|
| InfosysIT - Software | 5.21% | 7.13% |
| Tata Consultancy ServicesIT - Software | 5.65% | 4.04% |
| Hindustan UnileverDiversified FMCG | 5.86% | 3.35% |
| Nestle IndiaFood Products | 5.93% | 1.78% |
| Cummins IndiaIndustrial Products | 5.96% | 1.39% |
| Suzlon EnergyElectrical Equipment | 5.89% | 1.21% |
| GE Vernova T&D IndiaElectrical Equipment | 5.99% | 1.12% |
| Hero MotoCorpAutomobiles | 5.15% | 1.11% |
| Britannia IndustriesFood Products | 5.18% | 1.07% |
| Dixon Technologies (India)Consumer Durables | 3.99% | 0.83% |
| MaricoAgricultural Food & Other Products | 3.32% | 0.76% |
| National Aluminium CompanyNon - Ferrous Metals | 3.14% | 0.67% |
| Colgate Palmolive (India)Personal Products | 2.21% | 0.48% |
| Page IndustriesTextiles & Apparels | 2.54% | 0.42% |
| CRISILFinance | 0.85% | 0.17% |
| Castrol IndiaPetroleum Products | 1.00% | 0.15% |
| EmamiPersonal Products | 0.58% | 0.14% |
| Gillette IndiaPersonal Products | 0.51% | 0.11% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.